Copyright Reform Act Passes House

The House of Representatives passed The Copyright Royalty and Distribution Reform Act of 2004 (H.R.1417).
If this bill passes the Senate and is signed into law, it will amend Chapter 8 of the Copyright Act (Title 17 of the US Code) to replace copyright arbitration panels with 3 full-time Copyright Royalty Judges, appointed by the Library of Congress.
BizReport.com: House Passes Bill to Help ‘Webcasters’
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P2Pnet: HR 1417 will help webcasters